For saleSingle family
$289,900
1540 Falcon Dr
Fairmont MN 56031
4 beds, 3 baths, 2,665 sqft
1540 Falcon Dr is a 4 beds, 3 baths, 2,665 sqft single family home for sale at $289,900 in Fairmont MN 56031. At 20% down it rents for an estimated $1,025/mo and returns -$1,045/mo a month at a 2.3% cap rate.
The deal math
Modelled at 20% down on a 30-year loan at current market rates, before management, vacancy and maintenance reserves.
- Estimated rent
- $1,025/mo
- Monthly cash flow
- -$1,045/mo
- Cap rate
- 2.3%
- Cash-on-cash
- -21.6%
- Max offer
- $122,000
Offer ≤ $122,000 (58% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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